Over 40 Central Banks Are Considering Blockchain Currencies: Davos Report

More than 40 central banks worldwide are experimenting with blockchain technology, says a new report by the World Economic Forum. Published Wednesday, the report analyzes how different central banks are either examining what blockchain can be used for or are outright experimenting with central bank digital currencies (CBDCs). “It’s very much the case that several … Read more

World Bank Sees DLT Potential For Cross-Border Transactions

The jockeying for cross border-payments continues, and SWIFT and Ripple continue to dominate the headlines. At heart of the matter, of course, is the place (or choice) of using distributed ledger technology (DLT) to underpin the transactions — especially B2B transactions. As noted, SWIFT has rolled out its gpi (short for global payments initiative). Ripple … Read more

Study: Swiss FinTech Sector Grows, While Traditional Banks Decline

A new study shows that the fintech sector in Switzerland continues to grow, while traditional financial institutions are stagnating. The report was published by SwissBanking on April 1. The report dubbed “IFZ FinTech Study 2019” was prepared by the Lucerne University of Applied Studies with an aim to show developments in the fintech industry in … Read more

Indiegogo Has Quietly Exited Equity Crowdfunding

Indiegogo, the second largest rewards-based platform in the US, has quietly exited equity crowdfunding. Indiegogo entered the securities realm in November of 2016. The platform partnered with Microventures, a Texas-based broker-dealer, to create First Democracy VC – a FINRA approved funding portal. At the time of the launch, a few months after the Reg CF … Read more

Report: ICOs Raised $118 Million in Q1 2019, Over 58 Times Less Than in Q1 2018

About $118 million has been raised via initial coin offerings (ICOs) in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised during the same period in 2018, the Wall Street Journal (WSJ) reports on March 31. The report cites data provided by ICO analytics website TokenData. The WSJ argues that investors … Read more

German Crowdfunding Association Issues Self-Regulatory Transparency Quality Label

At the InnoFinance Summit 2019 on March 26, 2019, the German Crowdfunding Association  (Bundesverband Crowdfunding) introduced its new “Transparency Seal”. The Transparency Seal is a self-regulatory label awarded by the association to member platforms which respect a set of quality and customer protection standards. With this move, the association advances on its path towards establishing itself … Read more

Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day. Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling … Read more